RoboForex

Murrey Math Lines 13.02.2020 (USDCHF, GOLD)

GurutradeFebruary 13, 2020 at 10:15 AM 382 0

13.02.2020

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is consolidating. In this case, the price is expected to break 5/8 and then continue growing towards the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 1/8.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is consolidating between 3/8 and 5/8. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the downside border at 3/8.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue the ascending tendency towards 7/8 from the H4 chart.

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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